Source - SMW
Distil swung into the black in the year to the end of March with an operating profit of £10,000 against a loss of £98,000 last time.

Revenues rose to £1.6m from £1.2m and gross profits of £950,000 were up from £681,000 in 2016.

Executive chairman Don Goulding said: "We are pleased to report a profit on our owned brands for the first time. 

"This represents a major milestone in the long-term development of our business and a platform on which to grow and expand. 

"Our performance reflects the energy and focused efforts of our small but dedicated team. 

"This together with further increases in marketing investment and promotional activity, helped drive broader reach to a greater number of consumers in a fast-moving market.

"We anticipate sustained growth of premium spirits and will therefore build on our proven marketing strategies to advance our brands. 

"In addition, we are also exploring new products to build on the success of our existing brands."  




At 9:38am: (LON:DIS) Distil Plc Ord 0.1p share price was -0.18p at 3.28p